Economics · Economic Growth and Development
Theodore W. Schultz identified which of the following sets of ratios in relation to evaluating human capital and education for economic growth?
- 1Education-capital ratio and education-labour ratio
- 2Education-labour ratio only
- 3Education-labour ratio, education-income ratio, and education-investment ratio✓
- 4Education-income ratio only
Correct answer
Education-labour ratio, education-income ratio, and education-investment ratio
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